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Banco Macro: 1Q Earnings Snapshot

BUENOS AIRES, Argentina (AP) _ Banco Macro SA (BMA) on Thursday reported first-quarter earnings of $188.8 million.

The Buenos Aires, Argentina-based bank said it had earnings of $2.65 per share.

The financial holding company posted revenue of $718.5 million in the period. Its revenue net of interest expense was $423.8 million, topping Street forecasts.

Banco Macro shares have risen roughly 9% since the beginning of the year. The stock has fallen 36% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMA at https://www.zacks.com/ap/BMA